Click here to read the eBook: Future Value of an Ordinary Annuity Click here to read the eBook: Future Value of an Annuity Due FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE a. what's the future value of a 10%, 5-year ordinary annuity that pays $100 each year? Round your answer to the nearest cent. b. If this was an annuity due, what would its future value be? Round your answer to the nearest cent. Icon Key Click here to read the eBook: Future Values Click here to read the eBook: Present Values PRESENT AND FUTURE VALUES oF A CASH FLOW STREAM An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $300 at the end df a. If other investments of equal risk earn 5% Year 5, and $500 at the end of Year 6. annually, what is its present value? Round your answer to the nearest cent. b. If other investments of equal risk earn 5% annually, what is its future value? Round your answer to the nearest cent. Icon Key Problem 5.07 k here to read the eBook: Comparing Interest Rates ck here to read the eBook: Amortized Loans AN AMORTIZATION AND EAR u want to buy a car, and a local bank will lend you $35,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 12% with interest paid monthly. What will be the monthly loan payment? Do not round intermediate steps. Round your answer to the nearest cent. b. What will be the loan's EAR? Do not round intermediate steps. Round your answer to two decimal places. Click here to read the eBook: Future Values Click here to read the eBook: Present Values PRESENT AND FUTURE VALUES FOR DIFFERENT PERIODS Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $400 compounded for 1 year at 5% b. An initial $400 compounded for 2 years at 5% C. The present value of $400 due in 1 year at a discount rate of 5% d. The present value of $400 due in 2 years at a discount rate of 5% Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent. a. An initial $400 compounded for 10 years at 5% b. An initial $400 compounded for 10 years at 10%. C. The present value of $400 due in 10 year at 5%. d. The present value of $2,750 due in 10 years at 10% e. The present value of $2,750 due in 10 years at 5%. Define present value I. The present value is the value today of a sum of money to be received in the future and in general is less than the future value. I. The present value is the value today of a sum of money to be received in the future and in general is greater than the future value. TI. The present value is the value today of a sum of money to be received in the future and in general is equal to the future value. IV. The present value is the value in the future of a sum of money to be received today and in general is less than the future value. V. The present value is the value in the future of a sum of money to be received today and in general is greater than the future value -Select How are present values affected by interest rates? Select